China Mobile Hong Kong Company Limited has announced that it received approval from the National Development and Reform Commission on June 19, 2025, for its pre-conditional voluntary general cash offer to acquire all issued shares in HKBN Ltd., excluding those already owned by China Mobile Hong Kong and its affiliates. This marks a significant step in the regulatory process, following previous approval from the State-Owned Assets Supervision and Administration Commission of the State Council on April 9, 2025. However, approvals from other regulatory bodies, including the Ministry of Commerce, remain pending. Further updates regarding the status of the offers and the dispatch of the Offer Document will be provided by the Offeror in due course.
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